Jimmy Damon, CEO of JPMorgan Chase, said the bank will allow customers to buy Bitcoins.
However, he added that he would not keep him in reservation.
Damon allows customers to purchase the cryptocurrency despite its reservations against the original.
Why Jpmorgan CEO against Bitcoin
He criticizes Dienon Bitcoin and encrypted currencies, noting that his personal opinion on her is still unchanged.
The CEO of the Investment Bank compared to buy bitcoin by smoking, saying: “I don’t think you should smoke, but I defend your right to smoking.”
“Our customers are adults. They do not agree. If they want to reach or sell Bitcoin – we cannot embrace them – but we can give them legitimate and clean as possible.” Damon added.
Jimmy Damon had described cryptocurrencies as “worthless” during the 2021 bull race.
In a Senate hearing in 2023, he said he was always against cryptocurrencies.
In that session, he said that cryptocurrencies were used by criminals and drug dealers, and were used to launder money and avoid taxes.
He spoke at the 2024 Economic Forum in Davos, he said: “Bitcoin does nothing. I call it the rock of pets.”
Change parking
The opening of JPMorgan on Bitcoin is the latest between banks and governments for digital assets.
To date, the bank only allowed the futures contracts to have encryption.
In August 2024, Morgan Stanley allowed her employees to offer money in Bitcoin’s exchange of interested customers.
Ted Beck, CEO of Morgan Stanley in January 2025, said the bank will work with American organizers to increase its participation in the encrypted currency markets.
According to the former US administration, led by former US President Joe Biden, banks were not allowed to own financial bitcoin.
Exposure was limited to bitcoin derivatives.
The Securities and Stock Exchange Committee (SEC) also filed a lawsuit against multiple encryption entities such as Coinbase and Kraken.
However, the administration of the current President Donald Trump is more absorbed towards digital assets.
Under the new laws, banks can now encrypt nursery, although they still have restrictions to work with encryption companies directly.
The Federal Deposit Insurance Corporation and the Currency Observer Office have removed Crypto fighting guidelines.
SEC also agreed to drop a lawsuit against Kraken.
the American SEC Chair, Paul AtkinsHe said in May that the organizer is looking to set rules for the distribution of the encryption code.
Atkins said he is also considering the changing rules that registered brokers with a trading system for facilitating trading in bitcoin or ether could.
Various American countries provided encryption bills, as Texas was the first of them.
Bitcoin excel stock markets
In 2025, Bitcoin gave 12 % returns, outperforing the S&P 500, which rose only 1.47 %.
Bitcoin witnessed valuable flows 7.21 billion dollars In the year until now, up to $ 147.9 billion collected assets under management.
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